On Mon, Jan 12, 2015 at 4:42 PM, meekerdb <[email protected]> wrote:
>> No, laws are irrelevant if nobody knows the law was broken. Bernie >> Madoff is in jail because eventually his crimes were discovered. If you can >> cheat your customers with nobody, not even your cheated customers, knowing >> about it as Bernie did for many years then you will not be punished in any >> system. > > > And if there were no laws against fraud > I never said there would be no laws, there would be Privately Produced Law (PPL) made by Private Protection Agencies (PPA); when you sign up with a particular PPA besides agreeing to pay their dues you also agree to abide by the laws that PPA has made. If a case arises where the laws of the various PPAs conflict the matter would go to a independent arbitrator. > or no government to enforce them, > PPAs not the government would enforce the Privately Produced Laws. > then when his cheating became known the only consequence would have been > that he couldn't keep cheating people. > Once it became known that Bernie Madoff had cheated me I would contact my Privet Protection Agency and demand retribution. If Bernie has the same PPA as I do the matter stops there, my PPA says it's against the law to cheat your customers. If Bernie has signed with a different PPA and if the 2 PPAs disagree on how to resolve the situation (and they probably wouldn't in this case) then the problem would be sent to a arbitrator. If the arbitrator finds for Bernie and says that cheating customers is perfectly OK then I'm out of luck, but because the choice of a arbitrator must be agreed to by both sides the arbitrator is out of luck too, he will never get another job and will need to find another line of work. In contrast today's judges don't need to be just to make a good living, they can make stupid and biased decisions every day and it won't effect their personal finances one bit. A bad judge makes just as much money as a good judge, but a good arbitrator makes far more money than a bad arbitrator. What if Bernie's PPA has laws saying its clients to cheat rob murder and do anything else they want regardless of what the arbitrator says? Well first of all there is the problem of what happens if one member of that PPA murders another member. And then there is the fact that the PPA is going to need a enormous and enormously expensive army to back up all those outrageous demands, where are they going to get enough customers to pay the astronomically huge dues? And I don't know about you but I would never do business with somebody who belonged to a PPA like that. John K Clark > But he'd keep all his ill gotten gains and lived a high life. So where > would be the deterence against fraud? > > Brent > > -- > You received this message because you are subscribed to the Google Groups > "Everything List" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To post to this group, send email to [email protected]. > Visit this group at http://groups.google.com/group/everything-list. > For more options, visit https://groups.google.com/d/optout. > -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
